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Consider the impact of unemployment benefits on the labour market. How is a more generous unemployment benefit likely to affect wage setting, search effort among unemployed job searchers, and the rate of unemployment? What do we know from empirical research about the impact of more generous unemployment benefits on the duration of unemployment? What do we know about the escape rate from unemployment in case of time limited unemployment benefits? How has empirical studies gone about to test the implications of more generous unemployment benefits on the probability of leaving unemployment for a job?
Use Okun's law to determine the size of the GDP gap in percentage-point terms. If the potential GDP is $500 billion in that year, how much output is being forgone because of cyclical unemployment?
Equate the following cash flows to equal cash flows in years 5,6,7,8 and 9. Let i = 8% per year. Use a uniform gradient factor in your solution.You have the following end of year cash flows: Y0 = $400 Y1 = $300 Y2 = $200 Y3 = $100
If the cost of a substitute product increases, which of the following is most likely to happen in the market for the product under consideration in the short run.
Explain why would you expect the inflation rate to accelerate if the actual unemployment rate declined.
Select a California publicly held Corporation to use as the basis for this. Use the Internet to acquire a copy of your selected firm's most recent financial statements.
Illustrate what effects do technologies have on costs. What are some lower cost sources the organization may utilize to reduce cost.
For this hypothetical economy, what were the three major issues of concern in 2009 AND What is the relationship between these three variables, that is, how does one affect the other?
The Federal Reserve may buy government securities in open market operations in order to increase the money supply and encourage economic growth?
You are considering auctioning a Leonardo Da Vinci original sketch. You entice four bidders to come to your auction. The bidders' valuations of the sketch in decreasing order are $3.0, $2.2, $2.0, and $1.5 (in millions). If you used a second-price..
Describe two types of specialization in production. What are the economic advantages of specialization and what are political business cycles, and how could they be created?
Utilize the principle of contracting-out to provide an economic argument for contracting-out or outsourcing some government-provided service or aspect of a firm's production.
Suppose you are Chief Economist of the FCC. The Chairman has called you in to discuss a thorny issue. Two wireless broadcasters operate on adjacent frequencies.
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